Ethereum has been generating significant buzz across the crypto sphere over the past few days, primarily due to the explosive surge in the popularity of decentralized finance (DeFi). Much of this popularity has been driven by an emerging trend called “yield farming,” in which users can leverage different protocols in order to receive massive payouts, […]
Ethereum 2.0 is one of the biggest milestones of the Ethereum blockchain. As the ecosystem gears up for the re-engineering the entire ETH blockchain, a new trend was observed within the miners on the network. According to the latest development, miners are now holding on the coin as evidenced by the increase in their balance […]
7% of derivatives market participants anticipated that the second-largest cryptocurrency, Ethereum would climb over $480 by the end of this year. This was observed by the crypto analytic platform, Skew. Its tweet read, “Probability of ether > $480 (+100%) by End of Year = 7% Stable coins and DeFi seems like a more sustainable product […]
Ethereum team lead, Péter Szilágyi believes the latest increase in miner fees is a threat to the long-term health of the network. Miner fees for the second-largest blockchain by market cap are on the rise in the run-up to Ethereum 2.0. The long-awaited upgrade will see a fundamental shift from Proof-of-Work to the Proof-of-Stake consensus […]
Ethereum proponents are experiencing something similar to the days of the ICO bubble as Compound’s COMP token makes headlines. Additionally, the launch of ETH 2.0 has also increased interest in the largest altcoin. At press time, ETH saw a surge of 1.25% in the last 24 hours. However, the token’s price has appreciated by 3.75% […]
Key Takeaways Curve Finance is the only DEX besides Uniswap to do over $100 million in the last week. As Curve’s volumes increase, so did its returns to liquidity providers, creating a new avenue for yield investing. Curve’s USDC/USDT pair did more volume than Binance on June 20. Compound’s recent growth has been vital to […]
The massive success of Compound’s DeFi platform token distribution launch last week has generated a bit of hype and criticism from the crypto community. Many are now calling it a bubble, and some ardent Bitcoiners are even willing it to burst. Less than a week after token distribution began, COMP has surged from virtually nothing […]
Quick summary: $228 is once again the level to watch ahead of Ethereum’s weekly close. This area has provided adequate support for ETH since the beginning of June. With a new week ahead, and like Bitcoin, there is a 50:50 chance it could go either way for Ethereum in the crypto markets. Another weekly close […]
The DeFi space has fairly recovered following the cryptocurrency market meltdown three months back and has gained major momentum as it recently surpassed the crucial $1 billion total value locked. In the latest development for the DeFi ecosystem, the total value [USD] locked climbed to a fresh all-time high as it stood at $1.48 billion […]
As Bitcoin continues to trudge between the $9,500 and $10,000 range, altcoins prospects may be bolstered. The king coin’s stability off-late may have irked investors but for the top-ranking coins in the market, this stability means more time at the coattails of Bitcoin. This sideways BTC movement, persisting for the better part of a month […]
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